OREANDA-NEWS. IDGC of Urals, OAO (MICEX: MRKU) reports on the results of a BoD session.

The Board of Directors arranged an in-absentia session which reviewed a range of managing and corporate issues.

Determination of the membership of the Management Board

The Board of Directors has determined that the Management Board consists of 10 members. The membership of the Management Board is as follows:

Sergey Georgievich DREGVAL, General Director

Yuri Vyacheslavovich LEBEDEV, First General Director - Chief Operating Officer

Sergey Mikhailovich ZOLOTAREV, Deputy General Director for Sales and Development

Valentina Mikhailovna SCHERBAKOVA, Deputy General Director for Economics and Finance

Alla Aleksandrovna NIKITUSHINA, Deputy General Director for Corporate Governance

Vitaly Yuryevich OKUNEV, Deputy General Director

Olga Mikhailovna ABROSIMOVA, Chief Accountant

Oleg Mikhailovich ZHDANOV, Deputy General Director - Director of Permenergo branch

Igor Vladimirovich BUTAKOV, Deputy General Director - Director of Chelyabenergo branch

Oleg Borisovich MOSHINSKY, Deputy General Director - Director of Sverdlovenergo branch

Besides, the Board of Directors has approved the Investment Policy of Rosseti as the Company's internal document, approved the Chairperson of the Central Procurement Body, nominated candidates to management and control bodies in companies in which IDGC of Urals participates as well as approved resolutions on other issues.

IDGC of Urals (est. in February 2005) is a grid company responsible for energy transmission and technological connection of consumers to electric networks in Sverdlovsk, Chelyabinsk and Perm regions. As of 2013 the revenues totaled RUR 57.4 bln, net profit - RUR 0.4 bln (RAS). Overall energy supply in 2013 totaled 74.6 bln kW/h, productive supply equaling 68.9 bln.kW/h and losses totaling 5.7 bln. kW/h. Common shares are traded on MICEX (1 Level quotation list). Moody's rating - Ва2 (Outlook Stable)/Аа2.